Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Why Seniors Need To Know Their Legal Rights

Outlook Money

|

October 2025

Many senior citizens often end up in destitution after being abandoned by their kith and kin, typically after transferring their property. Can taking recourse to laws meant for seniors lend a helping hand?

Why Seniors Need To Know Their Legal Rights

Two years ago, when Shashi Kant Sharma, now 76, returned to his job of a security guard in Surat after spending a few months with his family in Delhi because of a serious illness, he was in for a shock.

The company he had worked for since 2007 had shut down without notice. Unable to find another job, he returned to Delhi, and faced another shock—his brothers refused to keep him on a permanent basis and he had already given his house to his wife, with whom he had longstanding differences.

As his meagre savings ran out quickly on lodging and fooding, Shashi took refuge at Rain Basera, a government-run night shelter for the homeless. From there, he was picked up by Saint Hardyal Educational and Orphans' Welfare Society (SHEOWS), a nongovernmental organisation (NGO), which runs old-age homes across India, in Delhi in 2024, where he now lives. “The family has nothing to do with me since I have been at the old-age home, but they know where I am,” he says.

Shashi is not a lone case. According to the HelpAge study released in June 2025, Understanding Intergenerational Dynamics & Perceptions, approximately 34 per cent of the seniors feel neglected and are abused in old age. Financial and physical vulnerability leaves many helpless, often preventing them from reporting neglect or abuse to authorities, either due to lack of information, reluctance to confront the family or the fear of social stigma.

Says Dr G.P. Bhagat, founder, SHEOWS: “When medical issues, such as dementia arise, family members start avoiding seniors rather than taking better care of them. Further, after a spouse's death, the surviving spouse becomes vulnerable to neglect, and is often abandoned by the family.”

FLERE HISTORIER FRA Outlook Money

Outlook Money

Outlook Money

Is Silver The New Gold?

Silver, an asset once considered gold's quieter cousin is now commanding investor's attention, given its extraordinary rally this year, with prices soaring to multi-year highs and shattering previous records. But does it make sense to add a touch of silver shine to your portfolio now?

time to read

7 mins

November 2025

Outlook Money

Outlook Money

NPS MSF Schemes: More Choice Or More Confusion?

The launch of shorter-term schemes under the Multiple Scheme Framework (MSF) of the National Pension System (NPS) has given more choice to investors, but will that breed confusion and are these schemes fit for consistent long-term savings?

time to read

5 mins

November 2025

Outlook Money

Outlook Money

Is Silver The New Gold?

Silver, an asset once considered gold's quieter cousin is now commanding investor's attention, given its extraordinary rally this year, with prices soaring to multi-year highs and shattering previous records. But does it make sense to add a touch of silver shine to your portfolio now?

time to read

7 mins

November 2025

Outlook Money

Outlook Money

Invest with the Rhythm of the Market

Let professionals rotate sectors as cycles turn while you stay invested steadily.

time to read

2 mins

November 2025

Outlook Money

Outlook Money

Stop Worshipping Sips And Start Using Them For Goals Now

Set an amount, automate increases, ignore noise, stick to horizons, review annually.

time to read

2 mins

November 2025

Outlook Money

Outlook Money

Build Wealth That Survives Cycles With Ruthless Asset Allocation Discipline

Hold equity, debt and gold in balance and rebalance when valuations stretch.

time to read

3 mins

November 2025

Outlook Money

Gold As An Investment Not Ornament

Festive buying meets modern investing as the panel explains gold ETFs, costs, risks and mindset needed to make gold work.

time to read

1 mins

November 2025

Outlook Money

Outlook Money

How To Handle A Cashless Health Claim

With many hospitals suspending cashless health insurance option, here's how to manage your temporary cash requirement and claim for a reimbursement from your insurer later

time to read

5 mins

November 2025

Outlook Money

Invest In Gold And Silver MFs And ETFs For Tax Efficiency

I recently retired with a Provident Fund of ₹70 lakh and equity and mutual fund investments of around ₹60 lakh. I plan to sell my house for ₹60 lakh and buy a smaller apartment for ₹30 lakh.

time to read

2 mins

November 2025

Outlook Money

Outlook Money

'We Want That Even Before You Buy A Mutual Fund, You Should Be In NPS'

Pension Fund Regulatory and Development Authority (PFRDA) chairperson S. Ramann, in an interview with Outlook Money Editor Nidhi Sinha as part of the Wealth Wizards series, talks about how the National Pension System (NPS) is moving from catering to the government sector to the non-government sector, why the regulator is focusing on larger distribution through new Multiple Scheme Framework (MSF) products, why it's important to have more choice in pension products and how NPS is turning into an end-to-end product.

time to read

8 mins

November 2025

Listen

Translate

Share

-
+

Change font size